Nigerian govt vows to harness N33tn revenue potential in livestock, boost GDP by 5%

Nigerian govt vows to harness N33tn revenue potential in livestock, boost GDP by 5%


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Nigeria’s federal Ministry of Livestock Development said it has begun drastic reforms in the sector to harness its N33 trillion revenue potential.
The Minister of Livestock Development, Idi Maiha, disclosed this on Friday at the commencement of the 2025 Ministerial Press Briefing.

The Minister stated that the ministry has put in place machinery to transform the country’s Livestock industry.

According to him, the ministry, through technologies, has initiated reforms to end cattle rustling and major insecurity challenges faced by herders.

He noted that the ministry commenced the process to revamp the ambulatories across the country.

Maiha emphasised that the Ministry is committed to diversifying Nigeria’s economy and increasing its contribution to the Gross Domestic Product to 10 percent from 5 percent by 2030.

“We are here to diversify the Nigerian economy, drive industrialisation, strengthen private sector participation, and secure Nigeria’s future on the global agricultural. market.

“We have laid the foundation for sustainable and inclusive growth. Our goal is to become a major contributor to Nigeria’s Gross Domestic Product from 5 percent to 10 percent by 2030,” he stated.

Recall that on July 9, 2024, President Bola Ahmed Tinubu inaugurated livestock development for the first time in Nigeria.

Thereafter, in October last year, Maiha was appointed to spearhead the ministry.





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